costofliving
nounUK /ˌkɒst əv ˈlɪvɪŋ/
US /ˌkɔːst əv ˈlɪvɪŋ/
The money you need to buy the things you use every day, like food and clothes.
The cost of living is higher in big cities than in small towns.
OTHER MEANINGS
2. The average amount of money people spend to live in a certain place.
The cost of living in this country keeps going up.
3. The total money needed for basic needs like food, housing, and transport.
Many families struggle with the rising cost of living.
4. A measure used to compare how expensive different places are.
The report compares the cost of living across major cities.